Ashley Gibson Barnett Museum of Art at Florida Southern College Inc

Analysis

Ashley Gibson Barnett Museum of Art at Florida Southern College Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Ashley Gibson Barnett Museum of Art at Florida Southern College Inc reported income of $957k and spending of $1.8m, spending 184% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.7m to $957k (-43%), an average of -13% a year. The sharpest change came in the year to May 2022, when income dropped by 35%. Over the whole period it spent 137% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashley Gibson Barnett Museum of Art at Florida Southern College Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Discovery Center at Waters Edge Inc ($957k), Kids Excel El Paso Inc ($957k) and Wilmington Childrens Museum Inc ($956k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 121% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $77k (4.4% of expenses). Other salaries and wages came to $477k. At year end it held assets of $5.6m against liabilities of $898k, net assets of $4.7m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.